This property looks like a bad Long-Term investment with a projected -22.68% first-year return on $164k initial cash invested.
-22.68%
Cash On Cash
2.24%
Cap Rate
0.33
DSCR
$2,929
Rent
-$3,090
Cashflow
Cash Flow
$2,929 income − $6,019 expenses = $3,090 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$6,019
Mortgage P&I
150%
$4,396
Property Taxes
16%
$457
Home Insurance
10%
$280
HOA
4%
$125
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0